Allied Motion Reports First Quarter 2020 Results
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Allied Motion (AMOT) Tops Q1 EPS by 21c
May 6, 2020 5:07 PM EDTAllied Motion (NASDAQ: AMOT) reported Q1 EPS of $0.44, $0.21 better than the analyst estimate of $0.23. Revenue for the quarter came in at $92.4 million versus the consensus estimate of $86.74 million.
Dick Warzala, Chairman and CEO, commented, The business impact due to COVID-19 started in March and was primarily related to a decline in demand in our Vehicle markets. As we worked through the various issues caused by COVID-19, our first and foremost commitment was to our workforce and to ensure the health and safety of all employees and their families. I personally want to... More
